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CrowdStrike ( CRWD ) dips on bleak revenue forecast

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T-Mobile slips after brokerage downgrade

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US economy adds 77,000 jobs in February, ADP report says

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Futures: Dow flat, S&P 500 up 0.06%, Nasdaq up 0.19%

(Updates to before markets open)

By Johann M Cherian and Sukriti Gupta

March 5 (Reuters) - Wall Street's main indexes were set

to open flat on Wednesday, after a jobs report fanned concerns

of a slowing economy, while investors awaited a potential softer

approach from President Donald Trump on trade policy.

Futures pared gains after ADP's national employment report

showed the economy added 77,000 jobs in February, lower than

expectations of 140,000.

The data added to fears of a slowdown in the world's largest

economy.

Investors are now focussing on Friday's official payrolls

report, which could be crucial for markets.

They are also closely monitoring the latest developments on

tariffs. Commerce Secretary Howard Lutnick said in an interview

that Trump was considering granting some relief on import of

items such as cars and autoparts, that comply with the

U.S.-Mexico-Canada free-trade agreement.

The remarks came after Trump escalated a global trade war on

Tuesday as he imposed 25% tariffs on top trade partners, Canada

and Mexico, citing ineffective border controls.

The tariff announcement is expected later in the day.

In premarket trading, Ford rose 2.3%, General Motors ( GM )

added 5.7% and Tesla gained 1%, after logging

sharp declines in the previous session.

Brent Schutte, chief investment officer of Northwestern

Mutual Wealth Management Company, said investors were trying to

gauge the extent to which Trump will go before softening his

tone on the tariff policy.

"You're going to have a very volatile market that trades off

of headlines back and forth and that makes it a difficult recipe

for any investor."

At 08:47 a.m. ET, Dow E-minis were down 1 point, or

flat, S&P 500 E-minis were up 3.5 points, or 0.06% and

Nasdaq 100 E-minis were up 41.5 points, or 0.19%.

Futures tracking the domestically focused Russell 2000 index

climbed 0.3%.

On one hand, investors welcomed Trump's commitment to extend

his 2017 tax cuts, but on the other, analysts expect his trade

policies to fan inflation pressures, slow the economy and eat

into corporate profits, at a time when multiple reports have

suggested a cooling economy.

The benchmark S&P 500 has fallen about 6% from its

record high, while the tech-heavy Nasdaq has come close

to confirming a 10% drop from its peak.

ISM's services sector survey is also due after markets open.

The U.S. Federal Reserve is also slated to unveil its beige book

at 2:00 p.m. ET, which will throw light on the impact tariff

uncertainty has had on the world's largest economy.

Traders now see the central bank lowering borrowing costs

for the first time this year in June, according to data compiled

by LSEG.

Chipmakers Nvidia and Broadcom ( AVGO ) rose over

0.6% each. Investors assessed Trump's remarks as he said

lawmakers should get rid of a landmark 2022 bipartisan law on

subsidies to the semiconductor industry.

CrowdStrike ( CRWD ) fell 8.2% after the cybersecurity firm

forecast first-quarter revenue slightly below estimates, due to

weak spending on its cybersecurity products.

T-Mobile fell 2% after brokerage HSBC downgraded

the wireless carrier to "hold" from "buy", Campbell fell

4.8% after lowering its annual results forecasts.

(Reporting by Johann M Cherian and Sukriti Gupta in Bengaluru;

Editing by Shinjini Ganguli)